Advances in Economics and Management Research最新文献

{"title":"Digital Transformation and Innovation Investments","authors":"Xintong Yang","doi":"10.56028/aemr.10.1.307.2024","DOIUrl":"https://doi.org/10.56028/aemr.10.1.307.2024","url":null,"abstract":"Digital transformation is a key factor in realizing innovative development and driving economic growth, driving companies to improve competitiveness, efficiency, and sustained growth. Innovation investment is an important source of funding for corporate innovation. Does digital transformation affect the tilt of corporate economic resources toward innovation investment projects? To answer the above question, this paper empirically examines the impact and mechanism of digital transformation on corporate innovation investment using a panel regression model with A-share listed companies in Shanghai and Shenzhen, China, from 2012 to 2022 as the initial research object. The study shows that the digital transformation of enterprises will increase the level of innovation investment, and this effect is realized by increasing the level of human capital, reducing surplus management, and lowering the level of cash holdings. The results of this research will provide strong support for enterprises to improve the motivation of innovation investment and innovation quality, help realize the goal of high-quality development of China's economy, and provide an important theoretical basis for relevant policy formulation and decision-making.","PeriodicalId":387592,"journal":{"name":"Advances in Economics and Management Research","volume":"46 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140707459","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Green Manufacturing Based on DE Algorithm in Probabilistic Language Environment Supply and Demand in the Supply Chain Matching Decision Methods","authors":"Xinlu Yao, Jiangsha Ying","doi":"10.56028/aemr.10.1.199.2024","DOIUrl":"https://doi.org/10.56028/aemr.10.1.199.2024","url":null,"abstract":"With the strategy of \"green manufacturing\", it is especially important to develop from traditional manufacturing to low-carbon, low-cost, and environmentally friendly manufacturing with high quality and efficiency. Supply and demand matching in the supply chain is considered to be an effective way to improve the efficiency of manufacturing management. In dealing with the green supply chain supply and demand matching problem in a probabilistic language environment, this study proposes a decision-making method based on a differential evolution (DE) algorithm. By adopting a probabilistic language term set to express the supply and demand information structure of the supply chain, designs the corresponding utility function accordingly; Secondly, this paper establishes a bilateral matching model for the characteristics of the matching satisfaction, and solves the optimal matching solution through the evolutionary algorithm; Lastly, through the specific case, this study confirms that the method is effective.","PeriodicalId":387592,"journal":{"name":"Advances in Economics and Management Research","volume":"21 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140714375","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Corporate External Guarantees and M&A Performance Commitments","authors":"Kunfeng Li","doi":"10.56028/aemr.10.1.274.2024","DOIUrl":"https://doi.org/10.56028/aemr.10.1.274.2024","url":null,"abstract":"This study analyzes the effect of corporate external guarantees on M&A performance commitments using a research sample of Chinese A-share listed companies from 2008 to 2022. The study finds that listed companies are more likely to sign performance commitments in M&As and sign higher performance commitments when the proportion of corporate external guarantees is higher. It has been found that corporate external guarantees have a hollowing-out effect compared to the governance effect of corporate guarantees. The higher the proportion of external guarantees, the more insider self-interest behavior exacerbates the financing constraint problem of the enterprise. To alleviate financing constraints, controlling shareholders have a stronger incentive for market value management by signing performance commitments. The analysis of heterogeneity reveals that when management shareholding is low and the two rights of the company are highly separated, the proportion of corporate external guarantees has a more significant effect on M&A performance commitments. This study's findings have reference value for financial institutions when making credit decisions and for regulators to improve the efficiency of M&A supervision.","PeriodicalId":387592,"journal":{"name":"Advances in Economics and Management Research","volume":"6 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140712635","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Impact of Green Credit Policy on Debt Financing of Heavily Polluted Enterprise","authors":"Weidi Zhao","doi":"10.56028/aemr.10.1.220.2024","DOIUrl":"https://doi.org/10.56028/aemr.10.1.220.2024","url":null,"abstract":"The China Banking Regulatory Commission (CBRC) released in 2012 the Guidelines for Green Credit (Guidelines), which symbolizes the rapid development of green credit in China. The CBRC emphasizes the balance between environmental protection and economic development using credit in order to improve the ecology of China and control the pollution of heavily polluted enterprises. The realization of carbon peaking and carbon neutrality goals in China is inseparable from the green development of heavily polluting enterprises. Meanwhile, the low-carbon transformation of heavily polluting enterprises needs the promotion of green credit policies. Therefore, it is of great importance to explore and make full use of the effect of green credit policies on heavily polluting enterprises. Based on the data of all A-share no-ST enterprises in China from 2010 to 2022, this paper classifies the enterprises according to different environmental quality indicators. The control group and the control group are seriously polluted and non-polluted enterprises, respectively. Simultaneously analyzes enterprises with different equity natures and regions to explore the impact of green credit on debt financing of heavily polluting enterprises. The results indicate that the implementation of green credit policies has a significant restraining effect on the debt financing behavior of heavily polluting enterprises, leading to a significant increase in their financing costs. The article also conducted heterogeneity analysis and placebo testing. The results of heterogeneity analysis show that non-state-owned enterprises are more affected than state-owned enterprises. Because state-owned enterprises can obtain more support and information in debt financing, they are relatively easier to obtain funds. In addition, the debt financing costs of heavily polluting enterprises in the eastern region have increased less than those in the central and western regions. Perhaps it is because the operating policies of heavily polluting enterprises in the eastern region are more green and low-carbon. Moreover, the proportion of heavily polluting enterprises is higher in the central and western regions. All of these have motivated the local government to implement green credit policies to cope with the high pressure of environmental governance. Finally, this article proposes policy recommendations from five aspects. These suggestions include improving the government's policy system, increasing environmental awareness among enterprises, promoting green and sustainable development, reducing the gap between state-owned and non-state-owned enterprises, and strengthening coordinated development among different regions.","PeriodicalId":387592,"journal":{"name":"Advances in Economics and Management Research","volume":"23 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140713472","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Synergistic Research of Ecological Environmental Benefits and High-Quality Economic Development: Empirical Evidence from Henan Province, China","authors":"Xinyi Zhang","doi":"10.56028/aemr.10.1.114.2024","DOIUrl":"https://doi.org/10.56028/aemr.10.1.114.2024","url":null,"abstract":" Currently, there exists a certain foundation of research within the academic community pertaining to the ecological and environmental benefits as well as the high-quality economic development. However, limited attention has been given to investigating the synergetic development between China's ecological and environmental benefits and its high-quality economic growth. This article employs data reflecting the ecological and environmental benefits and high-quality economic development of Henan Province, and establishes an evaluation model for assessing the synergy between ecological and environmental benefits and high-quality economic development in Henan Province. The indicator weights are determined using the coefficient of variation method and the entropy method, and empirical analysis on the synergy between the ecological and environmental benefits and high-quality economic development in Henan Province is conducted. The research findings indicate that the synergy between ecological and environmental benefits and high-quality economic development in Henan Province demonstrates a pattern of alternating growth and decline, and is generally at a low level of synergy. This study can contribute to the existing research on the synchronized advancement of ecological environmental benefits and high-quality economic growth in provincial regions of China.","PeriodicalId":387592,"journal":{"name":"Advances in Economics and Management Research","volume":"15 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140714384","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Operational Efficiency Analysis of Listed Biomedical Companies in China: Three-Stage DEA and Malmquist Index","authors":"Rui Yang","doi":"10.56028/aemr.10.1.264.2024","DOIUrl":"https://doi.org/10.56028/aemr.10.1.264.2024","url":null,"abstract":"This study selects 74 Chinese listed biomedical companies as samples and utilizes a three-stage DEA and Malmquist index to calculate the input-output panel data of sample companies from 2018 to 2022 over a period of five years, conducting analysis from both static and dynamic perspectives. From the static analysis perspective, the overall efficiency of Chinese listed biomedical companies during the calculation period is relatively low, with pure technical efficiency being the main limiting factor, and there is significant variation in the overall operational levels of these companies. From the dynamic analysis perspective, 56.76% of companies have a total factor productivity exceeding 1, with technological progress being the main contributing factor, while scale efficiency index needs improvement. It is suggested that listed biomedical companies strengthen their emphasis on technology and enhance scale efficiency.","PeriodicalId":387592,"journal":{"name":"Advances in Economics and Management Research","volume":"13 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140716026","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Impact of Digital Transformation on Corporate ESG - Evidence Based on Chinese A-share Listed Companies","authors":"Xingyue Li","doi":"10.56028/aemr.10.1.248.2024","DOIUrl":"https://doi.org/10.56028/aemr.10.1.248.2024","url":null,"abstract":"With the gradual development of the digital economy, improving ESG performance through digital transformation has become a new focus for enterprises. This paper focuses on the impact of enterprise digital transformation on ESG performance. Based on the panel data of China's A-share listed companies from 2013 to 2022, this paper empirically examines the impact of digital transformation on ESG performance by using A two-way fixed-effect model and adding time-fixed effects and individual-fixed effects. The study found that digital transformation can help improve ESG performance. Heterogeneity analysis show that the development of digital finance can significantly promote the development of enterprises in the eastern and central regions, while the impact on enterprises in the western region is not obvious. From the perspective of enterprise ownership, digital finance has a more significant improvement in the ESG performance of non-state-owned enterprises. This paper has the policy and practical significance for Chinese enterprises to carry out green transformation and realize the goal of \"dual carbon\" under the background of the digital economy. Companies can apply environmental protection, social responsibility, and corporate governance considerations to their operations by increasing investment in technology research and development.","PeriodicalId":387592,"journal":{"name":"Advances in Economics and Management Research","volume":"24 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140715382","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Research on Innovation and Practice of Corporate Economic Management in the Digital Economy Era","authors":"Jingru Xie","doi":"10.56028/aemr.10.1.107.2024","DOIUrl":"https://doi.org/10.56028/aemr.10.1.107.2024","url":null,"abstract":"In the era of digital economy, traditional economic management models are no longer sufficient to keep pace with the rapid development of enterprises. This study delves into the innovation and practice of corporate economic management within the digital economy. It summarizes the current state of corporate economic management in the digital age and identifies existing issues such as outdated concepts, incomplete systems, and a shortage of professional talent. The study underscores the significance of innovation in corporate economic management during the digital economy and proposes a series of innovative strategies, including updating management philosophies, refining economic management systems, and cultivating specialized talent in economic management. The practical outcomes demonstrate a significant improvement in corporate economic management performance following the application of these strategies, thereby validating the rationality of the proposed innovations.","PeriodicalId":387592,"journal":{"name":"Advances in Economics and Management Research","volume":"27 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140713434","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The impact of A firm's intelligent manufacturing level on operational risk: empirical evidence from China's A-share manufacturing firms","authors":"Yifan Lu","doi":"10.56028/aemr.10.1.143.2024","DOIUrl":"https://doi.org/10.56028/aemr.10.1.143.2024","url":null,"abstract":"Intelligent manufacturing is an important development direction of China's manufacturing industry, is the main direction of the construction of manufacturing power, but there are some enterprises in the development of our country in the process of intelligent manufacturing transformation has not been substantive. Based on this, this paper selects China's A-share listed companies from 2006 to 2019 as the research sample, and empirically tests the impact of intelligent manufacturing level on enterprise business risk. It is found that the level of intelligent manufacturing will significantly reduce the business risk of enterprises. Mechanism analysis shows that the level of enterprise intelligent manufacturing will affect enterprise operating risk through two paths: improving enterprise innovation level and alleviating enterprise agency conflict. The extended research finds that the inhibitory effect of manufacturing level on enterprise operating risk is more obvious in enterprises with greater external competition, stronger profitability and larger scale. The conclusion of this paper provides a new reference and basis for accelerating the construction of China's manufacturing power, promoting the establishment of modern industrial system and consolidating the foundation of the real economy.","PeriodicalId":387592,"journal":{"name":"Advances in Economics and Management Research","volume":"14 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140716209","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Urban Investment Bond and Green Financial Innovation: Literature Review and Case Studies","authors":"Michelle Chang","doi":"10.56028/aemr.10.1.286.2024","DOIUrl":"https://doi.org/10.56028/aemr.10.1.286.2024","url":null,"abstract":" The impact of urban investment bonds on green financial innovation have been controversial. As some assume that it leads to a negative impact while some stands in the opposition. This paper reveals evidences of the effects of urban investment bonds on green financial innovation by literature review, case study, statistical analysis, and comparative study methods. The study result shows that the introduction of China’s urban investment bond with significant financing scale have filled the large funding gap in climate investment and provides efficient support for dealing with climate change issues. Saudi Arabia’s case have demonstrated its success in using urban investment bonds on the construction of NEOM New City which aims to build a smart city powered entirely by clean energy. It effectively improves sustainability and copes with environmental issues. With the findings, government and policy-makers of countries around the world should take into account with greater scale of promoting urban investment bonds to green financial innovation, which could help the economy more sustainable and cope with environmental issues around the world.","PeriodicalId":387592,"journal":{"name":"Advances in Economics and Management Research","volume":"27 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140715607","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}